Headlines

Lululemon Heading to Memphis

Company reports 71 percent increase in profit for 1Q

Published

13 years ago

June 10, 2011

VMSD Staff

Athletic apparel retailer Lululemon Athletica Inc. is opening its first Memphis, Tenn., location. The Vancouver, B.C.-based company has signed a 1000-square-foot lease at 5007 Black Road, in East Memphis, in a former Tate Jewelers space, reports the Memphis Business Journal.

Lululemon operates 45 stores in Canada and 75 in the U.S. The yoga-inspired apparel retailer reported a 71 percent increase in its first-quarter profit. Net income rose to $33.5 million, with same-store sales up 16 percent.

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